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that they are actually willing to compromise big time even though erskine bowles is a very easy democrat to negotiate with, unlike the actual elected democrats in washington. in other words, erskine bowles is willing to compromise on things or was willing to compromise on things that the democrats are not willing to co comp pro mice on. which means that it's utterly meaningless on your way to try to get a deal with the president of the united states. erskine bowles' proposal included a $600 billion cut in medicare spending which he achieved by raising the medicare eligibility age. so republicans just proposed raising the eligibility age for medicare, a proposal that polls show is supported by a full 30% of the american people and rejected by only 67% of them. white house communications director dan fi officer rejected the offer and repeated that any agreement must include some higher income tax rates on top earners. the republican plan would raise tax revenue by not extending the current obama cut in payroll taxes. but the republican plan still refuses to raise the top income tax rates. yesterday, tr
was erskine bowles' idea. they summarized the testimony that the bill clinton chief of staff last year gave about what he thought might kind of be a workable budget deal way back then. because bowles is a democrat, the republicans thought they he could try to pretend that agreeing with a single democrat means that they are actually willing to compromise big time even though erskine bowles is a very easy democrat to negotiate with, unlike the actual elected democrats in washington. in other words, erskine bowles is willing to compromise on things or was willing to compromise on things that the democrats are not willing to compromise on. which means that it's utterly meaningless on your way to try to get a deal with the president of the united states. erskine bowles' proposal included a $600 billion cut in medicare spending which he achieved by raising the medicare eligibility age. so republicans just proposed raising the eligibility age for medicare, a proposal that polls show is supported by a full 30% of the american people and rejected by only 67% of them. white house communications direc
to me. that -- what he offered was what erskine bowles offered to the select committee as a compromise between the democrats and the republicans. i'm certain if this is not good enough for the white house, we will go over the fiscal cliff. >> this is a compromise on taxes. this is a compromise on mandatory spending. and it's a compromise on discretionary spending over what the select committee had debated. >> i should mention that erskine bowles has put out a statement himself. while i'm flattered the speaker would call something the bowles plan. the outline in the letter the speaker sent to the president does not represent the bowles simpson plan, nor is it the bowles plan in my testimony on deficit reduction. i simply took the mid point of the public offers, put forward during the negotiations to demonstrate where i thought a deal could be reached at the time. he's very much backing away from speaker boehner's letter. the question i wanted to ask you is some of the details, as you know, it's all in. >> can we spin one more point on that? >> absolutely. >> here's speaker boehner who i
they watched in horror in the summer of 2011. >> white house officials note that even erskine bowles is pulling back from the claim by boehner he is on board. in a few moments the president will be hosting the congressional ball, black tie holiday party. first time they will see him face to face in days. maybe they'll work on a compromise. >> bret: ed henry on the north lawn. thanks. let's talk about the fiscal cliff negotiations with one of the key democrats involved. chris van hol season a five-term representative from maryland. the ranking member of the house budget committee. thank you for being here. >> great to be with you. >> bret: where do you see the process now? >> we have been waiting for a response. he put something in writing. good news it's in writing and the bad news it doesn't get us moving forward. but piece of paper. that is a change. >> the piece of paper. house g.o.p. counter offer. revenue, $800 billion. health savings $600 billion. mandatory savings $300 billion. revision to cpi. $200 billion. net savings $2.2 trillion. i have a cording to the white house accounting, $4.6
was what erskine bowles offered as a compromise to the democrats and republicans. i'm certain if this is not good enough for the white house, we will go over the fiscal cliff because this is a compromise on taxes. this is a compromise on mandatory spending and it's a compromise on discretionary spending over what the select committee had debated. >> the details if we can and i should mention that erskine bowles put out a statement saying this -- does not represent the bowles-simpson plan, nor is it the bowles plan. in my testimony before the joint select committee on deficit reduction, i simply took the midpoint of the public offers to demonstrate where i thought a deal could be reached at the time. he's very much backing away from speaking boehner's letter, but the question i wanted the to ask you -- >> can we spend one more point on that? >> of course. >> what did he say? that was the midpoint of a compromise from the two. so, here's speaker boehner who is taking a new point on the compromise between the two sides and offered it and it's already flatly rejected? >> i think w
inspiration, democrat erskine bowles. >> there are over $7 trillion worth of economic events that are going to hit america in the gut. i think impact would be really strong. if anybody thinks this is going to be a slope better wake up. >> ifill: the link between brain injury and sports, new evidence ties repeated blows to the head to long-term damage. we take a look. >> brown: ray suarez looks at the firestorm over israel's announcement it will expand settlements in the west bank. >> ifill: elizabeth brackett looks at how one chicago school is dealing with the transition to new state-wide standards. >> i really did find that the kids do understand more, and they learn more. they're more interested in what they're learning. >> brown: plus, as global carbon dioxide levels hit record highs, we analyze the increasing difficulty of combating climate change, with carol davenport of the "national journal." >> ifill: that's all ahead on tonight's newshour. major funding for the pbs newshour has been provided by: moving our economy for 160 years. bnsf, the engine that connects us. and
, but handling the revenue side with deductions. here's what erskine bowles told my friend last night. >> i am positive that to get a deal done your' going to have to have higher tax rates on the top 2%. i'm actuallyequally sure $350 b worth of cuts that the president put on the table for health care entitlements, is not going to be sufficient to get the deal done. there's going to have to be compromise. >> compromise, that's a dirty word in washington. senator conrad, what do you think is going to be the outcome? is there going to be a deal? >> i think so. and, you know, it's not that far away. if you took the president's revenue and you took the republican's cuts, made some modifications to them, relatively modest modifications to them, you would have an overall package counting what's already been done of over $4 trillion which what is you need to get the country on track. we're starting to edge closer to a position that if you took both sides' positions you would be very close to a reasonable outcome. >> one of the questions the president was asked today, why don't you all get together and
there with those deductions. >> but it's also a lot like erskine bowles proposal before the simpson-bowles commission. because in other words it came from bill clinton's chief of staff. this is where the proposal -- >> -- >> listen that's a point. that's how extreme this is, bob. and -- >> in terms of -- does not have the rate reductions, does not convert medicare and does not convert medicaid to a voucher. it doesn't have the structural changes that are objectionable to the democrats. there's a lack of specifics here. but if i'm the president i'm thinking they're putting $800 billion on the table in removing deductions and exemptions i'm going to pocket that and add some of the additional revenue from rates i can get from allowing rates to expire. >> we're going to be talking to senator johnson this morning also xavier becerra about the details or lack of details in the two competing plans at this point and how much bowles is connected or not connected to this plan. still ahead this morning on "starting point" a young cancer patient missing from a hospital and her life depends on f
referring to an erskine bowles plan that he testified to in the fall of 2011. the white house made it clear that's a nonstarter and they won't even respond until the gop puts forth a plan that includes a tax rate hike. the obstacle continues to be republicans who hold out hope. millionaires and billionaires. while it sounds like the two sides are far apart, the budget numbers are not that far apart. the white house you get close. they say it lacks detail. doon pfeiffer says it does not say which loopholes they would close or savings they would achieve. if the president is rejecting this middle ground offer it is his obligation to present a plan that can pass both chambers of congress. are we at a stalemate who offers something next? house republicans said theirs mirrors one proposed by erskine bowles, the democratic chair of the fiscal position. bowles shot down that suggestion. while i'm flattered the speaker would call something the bowles plan, the approach outlined in the letter speaker boehner sent to the president does not represent the simpson bowles plan nor is it the bowles plan. h
%. >> erskine bowles said as big as the divide appears, despair is premature. >> that is just like a movie theater you go through each one of these. to get a deal done i am positive you will have to have increased tax rates on the top 2%. i'm also sure that the cuts that the president put on the table for health care entitlements will not be sufficient to get the deal done. >> reporter: republicans said many of their ideas reflected ideas put forward first by erskine bowles, but mr. bowles quickly put out a statement denying that, giving the white house an opportunity to gloat and question the republican seriousness in all of this. here at the white house, the president will meet with half a dozen governors and discuss fiscal cliff issues. those governors may ask for resolution fearing political blowback at home. >> major, last night was the can you think -- congressional christmas party at the white house. >> reporter: sources tell me the speaker was here last night for the holiday event but did not stand in line for a picture with the president. no handshake,
down is drawn from erskine bowles' individual testimony to the super committee in the fall of 2011. that is to say, not the simpson/bowles recommendation itself, but when erskine bowles testified and offered an alternative in trying to nudge them toward an agreement, this was not a republican proposal, per se, it was from erskine bowles. >> a prominent democrat. >> yes. >> thank you, john harwood. i can't believe we've had 13 months to figure out medicare, medicaid -- >> yes, you can. come o we're talking about congress. >> -- taxes, social security -- >> we're talking about politics. >> -- now down to the last 28 believes. >> of course you can believe that. that's how it works. it's human nature. did you study for your finals 13 months before you had to take them? you did not. >> that doesn't mean it's responsible. let's take a short break. 40 minutes before the closing bell sounds on the day. a market down 55 points on the dow industrials. >> ford and general motors getting a boost from all the folks who needed new cars after sandy. but is either stock a buy right now? we'll look
erskine bowles recommendation, aside from the fact he's a plagiarist, doesn't that indicate it's not a constructive and detailed plan. >> the onus is on the republicans to come up with a response. they failed to do that. what they came to a was erskine bowles plan which is funny for a lot of reasons. we don't have the time to get into it. >> we don't. >> it's not their plan. it doesn't deal with the specifics. we will have a moment of clarity, and if during that moment of claire clity the republicans don't back down, the public will see this same mechanism again they want to put their political maneuvering ahead of a common sense middle class approach for the whole country. i think this time will be worse for them than last time and i think the markets can see what's going on. >> okay. >> two final points -- >> i'm sorry, we just don't have enough time but thank you both. >>> next, republicans really did think mitt and paul were going to win, didn't they? might explain why they have no plan "b." stay with us. hungry for the best? it's eb. want to give your family the very best
of balance." one man who has been searching for that balance is erskine bowles, who, with alan simpson, is co-author of a deficit reduction plan that neither side has previously embraced. i spoke with him a short time ago. erskine bowles, thank you so much for joining you. late this afternoon john boehner, the house speaker, sent a letter to the white house in which he said he needed to find different middle ground on this fiscal cliff issue. he particularly cited your report which he described as providing imperfect but fair middle ground as a way of breaking this political stalemate. he's saying only the president would adopt your approach that maybe this stalemate could be broken. what do you think about that? >> (laughing) well, i haven't seen the letter, as i think you know. it's nice that the speaker would give me some credit for trying to do that. but what he is referring to is when i testified before the super committee, i tried to show these guys that if they truly wanted to ghettoing that they could ghettoing at that time. and basically as an example on discretionary spending they w
ground in public opinion but we've heard from erskine bowles in the last 24 hours that the white house is privately showing some flexibility on the issue of the top tax rates. the administration believes they have to go up swla to get money they need to strike a deal, but not necessarily to 39.6% according to erskine bowles. >> john harwood, thank you. >>> investors of course watching the fiscal cliff chess match very closely. as bob showed us, the markets are moving on every bit of news. will there be a compromise to talk about that on capitol hill, senator john hovan, the former gove govern. we just talked about how markets, investsers and public are watching everything you guys are saying here. probably watching what you're saying right now. are you aware how closely they're watching and how sensitively they're acting and reacting? >> i think so. look, we need to get a bill deal. it is very important that we avert fiscal cliff and do it by not only getting pro-growth tax reform but entitlement reform and better spending control and get the kind of deal in the $4 trillion range that'
million people lose their jobs, unemployment goes to 9%. >> that is erskine bowles, who along with alan simpson shared the deficit reduction commission a couple of years ago. they are both in town trying to pound a sense at into elected leaders. evan thomas has been out of town promoting his book, "ike's bluff." terrific christmas present. >> thank you. >> as i recall, we were having the same composition we are having now. >> like groundhog day. talk about bluffing -- they will be complete unreasonable until the last second where they agreed. while they are bluffing, we could go over the cliff. >> where are we headed, mark? >> one side says that raising tax rates is an example, the other side says we will not balance the budget on the backs of students and seniors without asking those who make as much as i do not to pay another diamond. we are in the chest thumping a stage of this negotiation. we are interested in the product rather than the process. the process does the fact of the product and you don't want hostilities to make the final product unreachable. >> nina, there were a bunch
be catastrophic. >> that is erskine bowles, the co-chair of the debt commission. he is worried. we more likely to jump head first into the tax abyss than anyone winning the powerball hot try. you have a better shot at the jackpot than these dudes making a deal. is that true? is gephardt, the form house of representatives majority leader worried? what do you think, congressman? if you could bet on the odds of a deal what would they be? >>guest: i never thought they could do the big deal by the end of the year there isn't time to put those pieces together but i think there are two alternatives now, and one is they basically kick all the cans down the alley, the sequestration spending can and the tax increase can and they decide three, four, six months from now. the other alternative is to do the tax piece in some fashion that the president is talking about but i think the republicans would probably require something on medicare to match that on the spending side, and can they get those two pieces done by the end of year? i am not sure they can. >>neil: so, one possible option would be just let e
. >> budget expert erskine bowles said the opposite. >> i'm worried we have a possibility we could go off the cliff. that would be catastrophic. >> bowles said there is a two-third chance of us going over the cliff. though he said he still hopeful we can have both tax hikes and spending cuts to avoid that. the president said he is willing to have a framework for spending cuts. republicans think the word "framework" is squishy. >> bret: ed henry on the north lawn wearing the team uniform. thank you. republicans so far are sticking to the guns on the tax revenue increases and the spending cuts together. chief congressional correspondent mike emanuel is following that story. >> speaker john boehner a central figure in cutting a deal says republicans offered a plan to avoid the fiscal cliff through the significant spending cuts and tax reform and are committed to working with the president. >> this is one reason why we believe we put revenue on the table. as long as it's accompanied by serious spending cuts. to avert this crisis. >> texas senator john cornyn says the bipartisan simpson-bowles
referred to, the erskine bowles commission, and here we are almost 20 years later. we're out of time. i wish we had more. i appreciate you. great to see you. and be sure to tell newt gingrich's love for me. there is a story behind that. i should not have done that. my best to you. up next, the civil war raging in serious sets off alarms in the obama administration as reports of chemical weapons are surfacing. we will be talking syria, egypt, iran, israel, palestine, possible u.s. intervention. his new book. i wonder, is that it? that is it. my goodness. that's good. that's dead. what's next? he's going to apply testosterone to h underarm. axiron, the only underarm treatment for low t, can restore testosterone levels back to normal in most men. axiron it for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women,speciallthose whar or who may become pregnant, and chilen should avoid contact where axon is apapplied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these signs and symp
to work with th republicans. he brought in a new chief of staff the name of erskine bowles, and in that has popped up again. and he immediately called me and said to my here to work with you and that enabled us to do al of things that i don't think the republicans today can get done with this obama white house. lou:and are you and i in agreement th the republicans are not innear sufficiently strong position, not with the lack of taent, there are ome quesonsabou that but because of the lack f power of the leaers in the house and the role of the housen this negotiation. >> i am not prepared to ay that. i go up to the capitol every week and meet with the republican leaders and lten to them as thy talked very openly about what tir views are d what they're trying to get done. and i cantell you tt they are a lot stronger than they have been presented by the conservative media. the interesting thng about the speaker is to o make you look carefully at his roposals, he is never implyg that e would increase tax rates. and yet the mentiod the breitbart comments. and that is really n
reduction plan talk about the fiscal cliff and choices facing congress. both alan simpson and erskine bowles have emphasized the need for revenue increases and entitlement reform. they have urged congress to reach a compromise. this is hosted by the "christian science monitor." >> here we go. our guests this morning are erskine bowles and senator alan simpson, co-chairmen of the national commission on fiscal responsibility and reform and co-founders of the campaign to fix the debt, or as the "new york times" called them this morning, the debt duo. their last joint appearance with us was in november of 2010. let me thank them both for coming back. we are all trying to fix the nation's fiscal woes. erskine bowles is president emeritus of the university of north carolina. he also had a career in investment banking and venture capital. he came to washington in 1993 service director of the small business administration and was later named chief of staff to president clinton. alan simpson followed his father's footsteps into politics -- a u.s. senator. a law degree from the university of wyoming -
to do with the big three on the entitlement programs. most of us would love to see an erskine-bowles type of solution put on the table here. >> so what if there were -- >> the simpson-bowles, sorry. >> simpson-bowles, i understood what you mean. there is an erskine bowles as well. what about congressman tom coley, your colleague, and his overture that you would be ready to get moving and make this overture saying i'm fine, i'm fine with this $250,000 a year family not getting a tax cut and letting that expire, that tax cut for those wealthier 2% to expire. there are a couple people who have come out with that. mary bono mack has said that doesn't sound too bad. what about you? >> yeah, no, i don't support that. and tom is a great political strategist and what he was saying is hey, look, we know there will be a revenue increase, if we can get that big deal, and so let's just go ahead and take it off the table, you know, let's take that leverage away from the president there, but the reality is as a republican who my very core principles are lower taxes, limited government, to just tak
into this morning as we talk about the fiscal cliff. erskine bowles says he thinks democrats and republicans are serious about getting a deal done, but when you hear congressman cole walking back statements, do you think that's true? >> cole doesn't want to be a political target of the right. so he can easily say i really didn't mean that prks and to ge of the news. and probably trying to set the table for other guys. which is a signal that the right wing is still very stuck in con kreetd as you said earlier. they don't want to move. they are denying election results. but there is real ominous things i think that are starting to surface here. any talk of a mortgage deduction change would be horrendous in my opinion and it would fly in the face of everything barack obama and joe biden ran on in protecting middle class. they have to be crystal clear that that is off the table. the housing crisis started the last recession. if they go after mortgage deductions, if they put that on the table even for high end homes, that will change sales, it will reduce prices on homes, it will slow constructio
rumored to being vetted. roger altman, former treasury official, larry fink, be erskine bowles. this what is alan simpson, erskine bowles' partner in the deficit commission, had to say about that possibility last week on the show. >> he said he would be very pleased to do that. he shared that with me personally, as long as they move the treasury department to north carolina, to charlotte. i don't think -- >> he's worked so hard on this. you don't think he could be persuaded? >> never. because he wouldn't want to serve in a dysfunctional government. >> and no argument that it is dysfunctional. one of the key players here who is leaving government was mentioning -- i was asking, why is jack lew so disliked, let's say, by the republicans with whom he negotiates? and the answer that i was given was that he knows the budget. he knows the baseline and the baseline is really what mandates how much in cuts really will be cut and that he ran circles around the house negotiators last summer durings the super committee because he knew what he was talking about. which, you know, arguably that's a big
skirmish here between the speaker of the house john boehner and erskine bowls. boehner said this was based on a report that bowles laid out. bawls said no. he said the approach laid out does not represent the simpson-bowles plan or the bowles plan. in fact what bowles is is that the speech that boehner based his proposal on was something that bowles had laid out in the middle of the negotiations last year as the mid-point between two sides but bowles is saying today that the mid-point has changed, a lot has changed since last year and it's up to the negotiators to figure out where that mid-point is and where and if they can get a deal, larry. >> we'll leave erskine bowles to his own devices. this is not perfect. i'm not writing it. it's not perfect. here's boehner literally bending over backwards, rising above partisanship and the white house just slaps him down. slaps him down. don't they know how bad they are starting to look? only on the basis that boehner didn't raise tax rates on the rich but does have a tax concession on deductions. this is getting pretty silly. if the president want
you agree with erskine bowles who told us where we are right now resembles theater? >> i think it's a little bit more than that. i think that there is a much deeper partisan divide. i think erskine bowles, bless his mart heart, still wants to believe we live in the washington of 20 or 30 years ago where reasonable men could ghettoing and make sensible deals. i don't think we're in that washington anymore. i think this is going to be... i don't think there's going to be much of a deal. i think there's going to be a kind of... there will be an outcome which hopefully won't be too bad. but the idea that we're actually going to have a guy shaking his hands and everybody feeling good about the outcome. that's not necker in the year 202 or 2013. >> ifill: paul krugman of princeton university and the "new york times." thank you very much for joining us. >> thank you. >> ifill: we'll continue our conversation series in the days to come. that will include an interview with one of the most vocal conservative opponents of higher taxes, grover norquist. >> woodruff: now, as part of our "agent
overturned. it is very similar to what erskine bowles, the former clinton chief of staff, who was the co-leader of the simpson- bowles commission, separate from that commission, mr. bowles testified before the super committee last year and testified at that time. republicans say that their current model is modeled after that offer. the simpson-bowles model has gone on lot of talk in the last two years. it is proposed on democrats in these discussions. on the revenue side, but $800 billion that they are offering, that is the same of what speaker john vader, offered the president in their negotiations -- speaker john boehner offered the president in their negotiations in 2011. the white house has consistently signaled a loss of of weeks that they will not accept any deal that keeps tax rates for the wealthy. >> russell burma is a staff writer for the hill. thank you. >> thank you. >> and you can go to our website c-span.org to read the letter that the president wrote to house rubble can survey. it was signed by house speaker john vader, majority leader eric cantor, and four others. a group
, congresswoman, let me point this out, this is from erskine bowles today. we talked about ad nauseam of the simpson/bowles debt committee and this is erskine bowles about to meet with the president yesterday, and he later said that the president expressed flexibility on tax rates. let me quote him, bowles is quoted as saying, i didn't sense it, i heard it. he went on to say, quote, the white house really believes at its core that new tax revenue ought to come from the wealthy. but, according to "usa today," he went on to say the president is open to republican alternatives. open to republican alternatives. you're there on the hill. are you hearing anything like that? >> we have not been invited to present those alternatives and we do have them. cleaning up the tax code is a great place to begin. and looking at what you're going to do with closing some of these loopholes. we all know that if you want to generate more revenue, you need to flatten the rates, clean up that tax code, broaden the base. that is how you do it. and at the same time, you've got to get in there and cut some of
, erskine bowles met with both sides. he's the co-chair of simpson- bowles commission that drew up a leading plan to cut the federal debt. >> i upon hopeful but i wouldn't put me in the optimistic wetegory. we have a long way to go and a very few days to get it done. >> reporter: president obama has been urging republicans to vote now to keep taxes from rising on households that make less than $250,000 a year and haggle over rates for the wealthy later. one top republican, tom cole of oklahoma, urged his colleagues today to give in. a lot of republicans think you give up all your bargaining power if you do that. >> you know, i respect that opinion but i don't agree with it. the reality is i don't think the american people ought to be leverage in a negotiation. and i think if they are leverage, it's actually the leverage of the democrats. they're now telling americans basically, oh, republicans are willing to raise your taxes. well, we're not. we don't want to raise taxes on anybody. so i think the best thing to do is to take that issue off the table early. >> reporter: but speaker boehner qu
. it's why this is not the right approach. >> reporter: on capitol hill on wednesday, erskine bowles met with both sides. he's the co-chair of the committee that drew up a plan to cut the federal debt. >> i'm hopeful but don't put me down anywhere near optimistic category. we got a long way to go and very few days to get it done. >> reporter: and some signs of compromise from the democrats. the house democratic leader nancy pelosi is giving some hints her party may be willing to consider some of those offers made between the president and speaker boehner during last year's budget talks including cuts to medicaid and medicare and one more sign two sides are moving together. today president obama is hosting mitt romney for lunch. it's closed to the press but those fiscal cliff talks will be part of that discussion. >> curious minds will want to know. susan, thank you. the fiscal issue of another sort, the record setting powerball jackpot. we like talking about this fiscal issue. this morning lottery officials say there are two winning tickets for the grand prize. the winning tickets we
banded together with deficit commission co- chairs erskine bowles and alan simpson to launch the "fix the debt" campaign. darren gersh spoke with maya macguineas, one of the organizers of the campaign. darren began by asking her if the business leaders are making a difference. >> i think the whole campaign is making a difference in that what we actually have is now over 300,000 citizens, 2,500 small businesses, well over 100 c.e.o.s and partners across the country who are basically trying to deliver a message that is different. and the message isn't take this off the table, take this off the table, take this off the table, at which point you have nothing left on the table and we can't fix the problem. but it is, we want the country to come together. we want them to come up wih a plan that is big enough to fix the problem, and we want them to do it in a way that is bipartisan. on the business leaders, they have, up until this moment, not been that involved in the issue. last summer, when we had the debacle about the debt ceiling, einsmall i think small businesses and large businesses r
to sell the offer as the erskine bowles plan, comparing it to the same offer he drew up last year. >> i think he'd disagree. >> the co-chair of obama's deficit commission, but yesterday mr. bowles flatly rejected that connection. meanwhile, the white house is turning to campaign style messaging as a reminder of whose tax plan was chosen in the court of public opinion on election day. >> under my plan, first of all, 98% of folks who make less than 250,000, you wouldn't see your income taxes go up a single dime. all right? because you're the ones who need relief. but we're not going to be able to get it done unless we also ask the wealthiest households to pay higher taxes on their income officials $250,000. the same rate we had when bill clinton was president and our economy kree aed nearly 23 million new jobs. >> and there are reports that republicans are considering a doomsday plan should talks break down. according to senior republican sources the gop would allow a vote on extending bush tax cuts for the middle class and nothing more. under one variation of this plan, house republicans
, and president obama on the so-called fiscal clef. later, alan simpson and erskine bowles talk about some of the fiscal choices facing congress. >> the program began under one of the advisers to president franklin roosevelt to document the conditions under which people were living. this was back when we did not have television. we had radio, but a lot of places did not have electricity, so they could not listen to the radio broadcast to find out what was going on in other parts of the country. he was an economist from columbia university. he was the head of this project. in 1939, when kodak introduced color film, they sent him to have his photographers try out, see what they could do. kodak was trying to establish a new market and product, and they wanted people who would know how to use it effectively to try it out and publicize it. >> america in the 1930's and 1940's -- the library of congress curator shares some of the 1600 color photographs taken during the depression and world war ii. .nday at 7:00 p.m. on 3. -- c-span 3. >> now, john boehner and house republican leaders talk about f
marginal rates and republicans are leaning on erskin bowles of the bowles-simpson reform plan which they finished in bey arey. charles krauthammer said don't worry about it. it is all politicings. >> the president could get revenues from deductions and exclusionns but insists on the rates. he wants to break the back of the republicans. this is a continuation of his campaign. he thinks he won it and now he's driving a stake through the republicanns. nothing about economics. >> gretchen: two points here. erskin bowles said recently that the times have changed since he came up with his plan with simpson two years ago, because the president won reelectionn number one and more democrats were put in to office. how does that change what the debt commission came up with? would it have raised the end result. he seemed to suggest that it would have given the democrats the edge. >> steve: it seems odd that the white house said the republican's doesn't make a balance. an out fit called third way. a moderate think tank. they did a poll. these people voted for president. only 41 percent said spen
through the good work of erskine bowles and ellen simpson with hard work that was put into this by 18 members, evenly divided among house and senate democrats and republicans and six public members. 11 of us voted for the final work product. i was invited to join the gang of six to continue the conversation on simpson-bowles. it expanded to the gang of eight. the conversation has been going on for two years. that is a lot of popcorn in mark warner's office. it was a great education and effort to sit across the table from conservative senators and talk through not just the reality of the deficit but the political reality of the deficit, which we have to be more sensitive to if we are looking for an honest solution. some of my friends on the left came to visit. i recall one -- the labor leader who said -- what is a nice progressive like you doing in a place like that? why are you hanging with those people? they are up to no good and they are not going to do the things you go elected to do. i disagree with this person. i said -- given the choice between attending a press conference with
that are saying, well, maybe they should go back on their pledges to not raise taxes. you have erskine bowles saying, wait, there is a 2-3 chance we will go over the fiscal cliff which will rattle the market. speaker boehner said he doesn't want to go over the cliff but if the president accident put out spending cuts he could be ready. >> we have had a spending crisis coming at us like a freight train. it has to be dealt with. >>reporter: republican senator coburn today said if congress doesn't settle all of this the markets will. what he means, if they cannot figure out this bickering, we are going to see the markets react in a violent way and some of the lawmakers believe congress will come back in session and fix all of this. >>shepard: isn't there is simple way out, ed, tax cuts are going to expire. no one has to do anything. they expire. then republicans don't have to go back on the pledge because they can't do anything whether they want or not. what they can do is lower taxes on middle class americans. >>reporter: they are saying what they believe is on top of that you have the automati
. working with erskine bowles is a joy. he is smart. he is the last guy on earth to balance the budget of the united states when he was chief of staff for bill clinton. he knows the game. he is a master negotiator. >> you are wearing me out. [laughter] >> i am older than you. it is a great privilege. what i am fascinated by, when this report came out, it was deafening. what are these guys doing? they are talking about revenues, spending cuts, and we sat in that room for seven months, and we come out with five democrats and five republicans and one independent, and if you do not think that is tough to get a range like that, you do not know anything about meetings or conferences or commissions. that is what we have got. across the street was the national association of realtors. i live with a realtor. she is not doing that anymore. she was a good lobbyist. she was tremendous. they just chuckled. home mortgage interest deduction? you guys are stupid. you will get rid of us. we do not get rid of it. take it from $1 million to $500,000. give everyone else a 12% non refundable tax credit. he
any real and immediate spending cuts, let alone entitlement reform. it's absurd. it defies erskine-bowles, rivlin-domenici. it defies every single bipartisan for the last two decades. >> we got to leave it. cornel, quickly, give us a final thought. >> my final thought is the president has already put -- has already signed into law $1.1 trillion in spending cuts. he's already come to the side of the republicans. republicans have to come into this and put something on the table. >> cornel belcher, mary matalin, thanks very much. let us know what you think. you can follow us on twitter, at ac360. >>> new signs in syria that recent gains scored by rebels may be triggering a brutal response from assad's forces. meantime, word that the united states is weighing new strategies for getting involved in the conflict. a lot of late-breaking developments to cover. we will get a report from arwa damon, one of the few reporters inside syria, right now. >>> in syria there's a sense of growing urgency and anxiety. we will get to why in a moment. first, i would like to show you some images that are quite
secretary. you can see geithner leaving. and there is talk of erskine bowles or charles djo lew. >> they lost colin, the mild mannered senator in congress and the senator that introduced rice when she was nominated to be the u.n. ambassador, when you lose collins you have lost the world. i don't understand how she went around with meetings to present her best side to the mccain and graham. to collins, ayotte and came out on the -- i'm talking about susan rice. she came out on the wrong end of this. and for some reason. i think her nomination is in deep trouble. the president if he is smart not going to nominate here. if he does, benghazi issue is going to rise again. >> bret: u.n. palestinian vote significance big picture? >> there is a great irony. the vote happened precisely and deliberately on the day on which in 1947 the general assembly voted to wide to british palestine to two states, jewish state and arab state. the jews accepted it and arabs rejected it. they made war. made war five times. had the arabs accepted that resolution, 65 years ago, we would now have a palestin
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